Market Commentary: Higher Open Bouncing Up From Yesterday's Poor Performance

December 2nd, 2014
in Gary's blogging, market open

Written by

Opening Market Commentary For 02 December 2014

Gary is off , and the market open comes from our syndication partner

U.S. stocks inched up at the open on Tuesday as a pair of big M&A deals boosted market optimism a day after the S&P 500's worst performance in a month.

Follow up:

The Dow Jones industrial average (DJI) rose 24.71 points, or 0.14 percent, to 17,801.51, the S&P 500 (SPX) gained 2.03 points, or 0.1 percent, to 2,055.47 and the Nasdaq Composite (IXIC) added 8.86 points, or 0.19 percent, to 4,736.20.

European stocks were higher on Tuesday, amid growing expectations for additional easing measures by the European Central Bank ahead of its monthly policy meeting scheduled on Thursday. During European morning trade, the EURO STOXX 50 rose 0.28%, France’s CAC 40 climbed 0.50%, while Germany’s DAX 30 edged up 0.08%.

European equities remained supported after data on Friday showed that the annual rate of euro area inflation slowed to a five year low of 0.3% last month, down from 0.4% in October. The weak data added to pressure on the ECB to step up measures to spur growth and stave off the threat of deflation ahead of its upcoming policy meeting on Thursday. Earlier Tuesday, official data showed that the number of unemployed people in Spain declined by 14,700 in November, compared to expectations for an increase of 57,300, after a 79,200 rise in October. Financial stocks were broadly higher, as French lenders BNP Paribas (PARIS:BNPP) and Societe Generale (PARIS:SOGN) gained 0.83% and 0.24%, while Germany's Deutsche Bank (XETRA:DBKGn) and Commerzbank (XETRA:CBKG) advanced 0.63% and 0.12%.

Live Global Market Situation

Live World Indices are powered by



Major Stock Closings

Leading Stock Quotes powered by




Current Commodity Prices

Commodities are powered by

Current Currency Crosses

The Forex Quotes are powered by


To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

Written by Gary


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved